Rachel Reeves has been warned again by experts, but there’s uncertainty about whether she’ll heed these warnings. She’s likely to ignore them and raise taxes, potentially driving a large amount of capital out of the country. It’s been argued that if the Chancellor, who is widely expected to raise taxes, raises the capital gains tax, it could reduce the amount of money the government collects and slow economic growth.
She previously believed that cutting benefits would improve the economy, but the opposite has happened. Inflation has even increased, and food prices are continuing to rise.
We need to find another way to persuade Rachel Reeves. Perhaps the opposite approach: For example, if we tell her to raise taxes, eliminate benefits altogether, and cause energy prices to rise, she’ll start doing the exact opposite.
